By Sheri Kasprzak
New York, Feb. 24 - Landmark Oil & Gas Corp. said it has priced a C$1.5 million private placement.
The non-brokered deal includes up to 2.5 million flow-through shares at C$0.60 each.
The offering is scheduled to close April 15.
Proceeds will be used for the ongoing drilling of the company's projects and for working capital.
Based in Calgary, Alta., Landmark is an oil and natural gas exploration company.
| Issuer: | Landmark Oil & Gas Corp.
|
| Issue: | Flow-through shares
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| Amount: | C$1.5 million (maximum)
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| Shares: | 2.5 million (maximum)
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| Price: | C$0.60
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| Warrants: | No
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| Placement agent: | Non-brokered
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| Pricing date: | Feb. 24
|
| Settlement date: | April 15
|
| Stock symbol: | TSX Venture: LMK
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| Stock price: | C$0.60 at close Feb. 24
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